What is a metal account in Sberbank. How to open an impersonal metal account in Sberbank

A perfect alternative to the standard deposit in dollars or rubles is a metal account in Sberbank. In certain situations, it opens up great prospects for earning money. The most popular are depersonalized metal accounts, also known as OMC. Their main advantage is that they do not require additional costs for maintenance, and any manipulations with them are carried out very simply. OMCs are offered in almost any financial institution, but, despite the specific conditions of partnership in each of the banks, there are common standards and rules.

What does the depersonalized metal account mean?

The metal account in Sberbank is one kind of customer accounts, on which the precious metal is listed. It does not inherit the presence of typical ingot signs, such as quantity and sample. Remove precious metals from the account either directly in the ingot format, which will be accompanied by additional costs, and in monetary terms.

If the account is planned to put gold, silver or platinum directly in a physical format, it will be necessary to conduct an examination of the metal, order its valuation and provide transportation. Moreover, it is necessary to pay off VAT in the amount of 18% of its value. Simplification of the procedure for replenishing the account occurs if you use an impersonal precious metal. It will be reflected in your own deposit in grams. Put on the account can be a metal in the volume of 0.1 grams, which makes the offer affordable for almost everyone.

What about interest accruals?

An impersonal metal account in Sberbank is not accompanied by accrual of interest. In Russia it is not accepted to charge additional funds to accounts of this category. If a financial institution offers a rate of 1 to 2%, which will be calculated in grams of metal, then this is an incredibly advantageous offer, and it should be immediately agreed upon. In Western countries, the practice of calculating the interest contribution is quite widespread. Profit on this category of deposits the depositor receives due to changes in quotations. If the value of the precious metal during the partnership with the bank grows, then the depositor will earn. If the value of the asset decreases, the deposit will give a drawdown. Specificity determines the low liquidity in the broad masses of such a product as Sberbank's metal accounts. The course of the precious metal in the international market determines the profitability and loss of the asset, which is very risky and does not suit most investors.

Terms of opening

The MHI service is available for every client of a financial institution, who at the time of signing the contract of cooperation turned 18 years old. A metal account in Sberbank can be opened for a child who has not yet turned 14 years old, but only if there is an official representative. Children between the ages of 14 and 18 can open this category of accounts on their own, but only if there is an official permit from the parents or guardians.

Account management can be entrusted to a third party with a certain skill level. The main thing is for the power of attorney to be formalized and notarized. The technical possibility to open a metal account in Sberbank is far from all branches of the financial institution, so this question should be asked in advance.

Important aspects of partnership

Metal accounts, reviews of which are mostly positive, in most cases open for a period of one year. The client is given the opportunity to extend the deposit. The account can be opened in one of four popular metals, such as gold, platinum, silver and palladium. Most deposits are opened in gold, as it is considered the most liquid and demanded asset. Opening an account in silver, platinum or palladium is the prerogative of professional investors. The markets of these metals are highly volatile and both provide good prospects for earning, and involve high risks. When the metal accounts of Sberbank are drawn up, the rate of sale of an asset by a financial institution is the price paid by the client. After the end of the deposit, the client receives funds at the rate of buying metal in the bank. The difference between the cost of buying and selling an asset is usually called a spread. Quotations are determined by the bank itself, but taking into account the actual cost of metal on the international market and the situation within the state.

Specificity of accounts

An impersonal metal account in Sberbank is very specific, as it does not provide for direct contact of its owner with the metal. The client simply brings in the funds. And the equivalent in metals is charged to the account. To see, let alone hold your asset in your hands, without additional costs will not work. Assets are, in fact, virtual. If desired, the account can be refilled or partially cashed. It is even possible to temporarily close it, if the situation on the market indicates a forthcoming sharp drop in the metal. It is worth noting that, despite the excellent opportunities in managing its assets, the bank charges an additional commission for any manipulation.

Are there ways to cash a gold account?

Metal accounts can be cashed and replenished not only in the form of a monetary asset. To cash out and replenish the account is quite real with ordinary ingots. Here we note that this option is available only in 500 branches of the Savings Bank of 8,500 employees throughout the country. If you decide to withdraw from the account is not money, but the metal itself, it is worth warning the bank in advance. As a rule, in this situation, the client is assigned certain financial expenses. You will have to pay for the release of ingots and their transportation to the bank branch. Moreover, it is necessary to pay off VAT, which is not charged for the circulation of virtual metals. According to the law, gold, which has not left the financial institution, is not taxed. If we look at the situation objectively, mutual settlements with the bank on depersonalized metal accounts are much more profitable to carry out without direct manipulation of ingots.

It is necessary to know

Each client of a financial institution such as Sberbank, depersonalized metal accounts (the rate in which they constantly change) can open in any amount. The upper limit does not exist.

Those who actively use online banking are provided with universal, more favorable terms of partnership. We draw your attention to the fact that operations on the account can be carried out only in the branch in which it was issued earlier. It is not possible to transfer money from one OMI to another.

Disadvantages of MHI, or How to make a right decision

Metal accounts differ significantly from standard deposit programs, although they guarantee a stable increase in the deposit, but are not protected against inflation. As for gold or any other precious metal, it is assets that are classified as exhaustible natural resources, hence their value will increase in the future. When making a decision, it is important to pay attention to the fact that this category of deposit does not fall under the protection of the deposit insurance agency , and if something happens to the bank, the damage will not be reimbursed. It is very important to choose the time of opening of the MLA, as the profitability of the asset will depend on how profitable the metal was purchased. If you register on a rollback schedule in an institution such as Sberbank, metal accounts, the rate (gold, silver, platinum, palladium) at that time will be the most profitable, and this will make it possible to earn great money. The average annual yield for this category of programs for investment is at least 20%.

Nuances deserving attention

OMS is more suitable for those who are well versed in the international foreign exchange market and in the metals market. Today, when the situation in the economy is unstable, it is better to stay away from this type of investment. The opening of an impersonal account is easy, but the ability to take profits from it is considered a professional manipulation. It is necessary to take into account the fact that the purchase of precious metal in the bank will always be carried out at a speculative rate, which will significantly differ from the exchange rate, which in itself promises certain extra expenses.